What would be the market price for the product and the, Econometrics

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What would be the market price for the product and the

The following are the demand and supply functions for a product produced by an industry of perfect competition that includes 100 firms:

Q_d = 6600 - 12P,
Q_s= 1600 + 13P1.

(a) What would be the market price for the product and the equilibrium output for the industry?

(b) Calculate the marginal cost for each firm in the industry.

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Econometrics: What would be the market price for the product and the

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Econometrics: What would be the market price for the product and the

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